This is the place you will get to read and learn about changing arena of laws and its impact on the industry. This section “Articles” is for enthusiastic readers who are interested in the hot legal topics. Our endeavor is to help readers understand the various emerging discussions and its opinions from different stakeholders.
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India’s market regulator Securities and Exchange Board of India (SEBI) had previously made the split between Chairperson and MD/CEO positions at listed companies mandatory by April 1, 2020 and extended to April 1, 2022. It is now a voluntary requirement. On February 15, market regulator SEBI announced that the decision to split the chairperson and …
SEBI Notifies Voluntary Norms to Split Chairperson, MD/CEO position Read More »
The Ministry of Corporate Affairs (MCA) stated that companies which fall under the provision of sub-section(1) to section 135 shall file a report on the Corporate Social Responsibility in Form CSR 2 under MCA to the Registrar for the former financial year (2020-2021) and onwards as an addendum to Form AOC-4 or AOC-4 XBRL or …
Introduction Commercial transactions between the different parts of the multinational groups may not be subject to the same market forces shaping relations between the two independent firms. One party transfers to another goods or services, for a price. That price is known as “transfer price”. Transfer price is, thus, a price which represents the value …
Why are the mentioned bills alike? The exceptions given to the Indian PDP Bill (prsindia.org) and the EU Regulation look similar. Both allow data processing for prevention, investigation, detection, or prosecution of criminal offences. Consent: The PDP Bill and the GDPR are founded upon the concept of consent. In other words, data processing should be allowed when the …
Comparison- Personal Data Protection Bill and General Data Protection Regulation Read More »
The PDP Bill – Personal Data Protection Bill, 2019 was introduced in Lok Sabha by the Minister of Electronics and Information Technology, Mr. Ravi Shankar Prasad, on December 11, 2019. The Bill seeks to provide for protection of personal data of individuals, and establishes a Data Protection Authority for the same. Now known as the …
Introduction to Personal Data Protection Bill, 2019 Read More »
What is the new Labour code of wages? The Code on Wages Bill 2019, also referred to as Wage Code, consolidates provisions of four labour laws concerning wages and bonuses, while allowing for timely payment of wages for workers in India. The labour codes are meant to regulate the following: Code of Wages, Industrial Relations, …
What is Res Judicata? The concept of Res Judicata is explained under Section 11 of the Code of Civil Procedure 1908. As per Section 11 of CPC no Court shall try any suit or issue in which the matter directly and substantially in issue has been directly and substantially in issue in a former suit …
New Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021(“Intermediary Rules”) That the Ministry of Electronics and Information Technology in the year 2021 has notified the new Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021(“Intermediary Rules”) under Section 87 of the Information Technology Act, 2000 (“IT Act”). As per Section 2(1)(w) …
The Future of cryptocurrency in India Before we talk about the future of Cryptocurrency in India, we have to take look at the events that happened in the last 2-3 years. The demonetization left the country with 86% of the cash in the denominations 500 and 1000 invalidated of its value, and people started to …
What is cryptocurrency ? Let’s first understand what is cryptocurrency. Cryptocurrency is a digital currency with no physical attribute but an underlying value attached to it. It has no banking or centralized system through which it works. Refer to the detailed definition here- Cryptocurrency – Wikipedia. Now whether we can rely on cryptocurrencies is the …
The Online Gaming (Regulation) Bill, 2022 (“Bill”) was introduced in the Lok Sabha on April 1, 2022 to establish an effective regime for regulating online gaming industry to prevent fraud and misuse. The definition of “Online Gaming” under the Bill includes any game played on the electronic devices such as personal computers, mobile phones, tablets, …
Online Gaming Regulation Bill, 2022- A brief introduction Read More »
